Introducing The Firm LLC™

Why Is a Wyoming LLC the Best?

Wyoming LLCs are the best because Wyoming business laws allow for greater privacy, no state income taxes, tax advantages, and the best asset protection laws in America. While forming an LLC in our state is a simple process, getting all the value you can from Wyoming’s asset and liability protections, estate planning, taxation savings, and privacy requires in-depth knowledge of The Wyoming Limited Liability Company Act and the statutes distinctly unique to Wyoming.

As such, an out-of-state attorney’s lack of familiarity with the complexities of our LLC laws can compromise possible LLC protections. That’s why we recommend using The Firm LLC™ as the base foundation of your asset protection strategy and then utilizing the expertise of your local attorney to finalize the transfer of assets into The Firm LLC™ for protecting accumulated wealth and future gains

Highlighted below are some of the Wyoming Limited Liability Company Act nuances that make our state’s asset protection strong, and could be excluded or weakened without the proper structure and organizational documents.

• Charging Order Limitations
  In Wyoming, a charging order is the sole remedy for a creditor. A creditor must first obtain a personal judgment against a member of an LLC. Then the creditor must apply to the court for a charging order. The charging order directs the LLC to pay and make any distributions to creditors instead of the troubled member. This provision extends to single-member LLCs in Wyoming as well. And because the charging order is the exclusive remedy for a creditor, the creditor is unable to foreclose on membership interests or force a sale of the LLC.
• Distribution Control
  While a charging order may require the LLC to pass any distributions to the creditor of a distressed member, the charging order in Wyoming cannot force the LLC to make a distribution. Distributions can be withheld, and some Wyoming attorneys believe the creditor may still have to pay income tax on that uncollected income, forcing many would-be creditors to second guess pursuing a judgment against a well-structured LLC in Wyoming.
• Transfer Restrictions
  An LLC in our state can be structured so that no company interest can be transferred to other parties without the consent of all members.
• Potential Tax Savings
  If structured as a closely held company, assets can be discounted by up to 50 percent. If you’re concerned with protecting and passing wealth onto the next generation, this structure could create a massively lower estate tax bill for your heirs.

Tailored for Wealth Accumulation and Asset Management

Above are just some of the fully actionable options available to LLCs in Wyoming that could go unnoticed or fail to be enacted by attorneys unaware of the full breadth of our LLC statutes. With The Firm LLC™, you get customized LLC documents for protecting accumulated wealth and future gains, including:

• Custom Articles of Organization
• Custom Operating Agreement
• Custom Membership Certificates

Our Firm LLC™ is the absolute best asset protection package and the most efficient use of your money and time. Many estate planning and corporate lawyers purchase our Wyoming Firm LLC™ kit and tailor the LLC to meet the needs of each client. When you purchase our Firm LLC™ package, we provide you and your attorney with the base foundation of a fundamentally sound LLC geared to maximize our state’s LLC asset protection statutes. Our Firm LLC™ operating agreement includes the information your attorney needs to make sound, educated decisions on your behalf per Wyoming law. Your attorney can adjust the operating agreement to fit your asset protection strategy.

In order to make things easier, our Firm LLC™ package also includes free mail forwarding (up to 3 document scans a year). Need more? Whether you’re only expecting a couple more pieces of mail a year or would like a comprehensive service that takes care of it all, we offer multiple Wyoming mail forwarding plans (starting at $49/year) and virtual office service ($19/month) so that you only pay for what you need.

Wyoming LLC Articles of Organization vs a Wyoming Firm LLC™

Many clients and attorneys forming LLCs here are unfamiliar with our state’s more nuanced LLC statutes. And while anyone can form a Wyoming LLC in a couple minutes online (it won’t matter whether you, a lawyer, a registered agent, or an asset protection specialist form the LLC), the formation documents filed with the Wyoming Secretary of State will only grant two things: a business name and an entity to do business with. You may not maximize the full benefits of our LLC Act just by filing LLC paperwork.

Think of it like documenting a real estate transaction with a county assessor:

1. To stake a claim on a piece of real estate, you file documents like a deed of trust or property line adjustment with a county assessor.
2. The county assessor examines the filing to make sure the document has the basic required information, then stamps it as filed, sending you on your way.
3. You can file a lien or easement on anyone. If you want, you can even file a lien on the county assessor’s property. Would the lien you file be considered valid? That depends on the quality of the legal document you file.

The same is true of the LLC. The true value and provisions afforded to the Wyoming LLC can only be realized when the LLC adopts the correct supporting documents, such as an operating agreement (private documents not filed with the state) that establishes and governs the rules under which the company functions. Even well-intentioned operating agreements, however, can constrain and limit the protections of an LLC if they become too convoluted. Few attorneys understand the options and remedies required to maximize the full abilities of Wyoming LLC statutes, which is why we offer the Wyoming Firm LLC™.

When we form a Wyoming Firm LLC™, the LLC is created with the ability to take advantage of Wyoming’s vast array of LLC asset protection statutes. You can hire the services of an attorney in your home state to have the LLC operating agreement and organizational structure fit your specific needs. This is the main benefit of The Firm LLC™: with our organizational documents, no asset protection statute is ruled out. The Firm LLC™ is capable of integrating every bit of protection allowed by our state’s LLC Act.

Choosing Between a Regular or Close LLC and The Firm LLC™

If you want to leverage the full power of Wyoming statutes to protect your assets, order service today and we’ll set up your LLC with the framework for maximizing Wyoming’s asset and liability protections.